New York oil futures rose 1.9% to $83.87, a seven-year high, market worries about inflation may speed up the "water collection" of central banks, global debt interest rates have risen, coupled with China's annual economic growth slowed to a year lower than expected in the third quarter. U.S. industrial and manufacturing output unexpectedly recorded the biggest monthly decline in seven months in September. The Dow gave up 258 points or 0.7% last night under pressure in two-thirds of the blue chip. The market closed with only 36 points or 0.1%. But large science and net stocks are good, especially fb and Wednesday's release of Tesla (TSLA.US) rose more than 3%, supporting the Nasdaq and S & P to continue to rise 0.8% and 0.3%. Us futures were stable in an all-round way, with the Nasdaq 100 continued to win at 1550, up nearly 0.1%.
Stock markets in the Asia-Pacific region improved across the board this morning, but they all rose less than 0.9%. However, Hong Kong stocks rose three times in a row. after repeatedly rising 0.3% yesterday, the Hang Seng Index opened 61 points or 0.2% higher this morning at 25471 and broke through 50 antennas (25396). The increase was as high as 255808, and now stands at 25,766, with a further increase of 357 points or 1.4%, with a turnover of 45 billion yuan.
Blue chip stocks are generally good. 02313.HK was upgraded by Credit Suisse to "outperform the market" and raised its price to 188. this morning, the stock opened 5.8% higher at 172.4 yuan, breaking the bull-bear line and 50 antennas (164.45 yuan and 169.13 yuan). It is now at 173.5 yuan, up 6.5%. 00669.HK heavy 50 antenna (161yuan), up to 164.8 yuan, is now quoted at 163.4 yuan, up 5%. The year-on-year rise in mainland retail sales accelerated again to 4.4 per cent in September, while domestic demand stock Li Ning Co. Ltd. (02331.HK) rose four times in a row to Rmb88.80, or 1.4 per cent. Mengniu (02319.HK) rose 2.7% to 47.2 yuan, shares more than 10 antenna.
00175.HK (Geely) plans to issue new shares plus cash to increase its holdings of polar krypton 10%. The stock rose three times in a row, challenging 50 antennas (25.50 yuan) this morning, reaching a maximum of 25.8 yuan. It is now trading at 25.35 yuan, up 2.2%. 01211.HK rose three times in a row, reaching as high as 284 yuan, second only to the record high of 295 yuan set in early August this year, and is now trading at 280.4 yuan, up 1.3 percent.
The Hong Kong Stock Exchange (00388.HK), the Bank of China and the three major insurance stocks rose more than 1%, 3%, while Ping An Insurance (02318.HK), China Merchants Bank (03968.HK) and 01299.HK (AIA) rose the most, reaching as high as RMB58.95,64.75 and 91 respectively.
Lutheran Glass (00868.HK) rebounded for the fourth day in a row, with an antenna of more than 20 yuan (23.15 yuan). It is now trading at 23.45 yuan, up 5.4%. Alibaba Health Information Technology (00241.HK) rallied 3.4% to 10.92 yuan, shares surpassed 10 antennas, while BABA (09988.HK) continued to rise 1.5% to 165.4 yuan. Meituan (03690.HK), Shunyu (02382.HK) and XIAOMI (01810.HK) rose 2.5% to 287.4 yuan, 208.4 yuan and 22.20 yuan respectively.
On the contrary, the heavyweight stocks Tencent (00700.HK), foreign exchange control (00005.HK) and the two traditional bank stocks have gone into reverse.